The Relationship between Economics and Social Welfare: A Study of the Impact of the Economic Crisis on Society

Economic crises often have a significant impact on people's social well-being, especially in the context of declining incomes, increasing unemployment, and economic instability. This research aims to explore the relationship between economic conditions and social welfare by focusing on the impact of the economic crisis on people's lives. Through a qualitative approach with a literature study method, this study analyzes various secondary data sources, including research reports, journal articles, and policy documents related to economic crises and social welfare. The results of the study show that the economic crisis contributes to the decline in social welfare by increasing inequality, decreasing the quality of life, and affecting people's mental health. The findings also reveal that appropriate policy responses and effective social protection programs can mitigate the negative impact of the economic crisis on social welfare. Thus, this study emphasizes the importance of coordinated policy interventions to strengthen community social resilience in the face of economic crises.

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Publication Details

Journal
International journal of social and human.
Published
2024-08-14
DOI
https://doi.org/10.59613/qhs9c319
Primary Topic
Hungarian Social, Economic and Educational Studies
Type
article
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article

The Relationship between Economics and Social Welfare: A Study of the Impact of the Economic Crisis on Society

Joshua D. Harris
International journal of social and human.
Hungarian Social, Economic and Educational Studies
article

The Relationship between Economics and Social Welfare: A Study of the Impact of the Economic Crisis on Society

Joshua D. Harris
article en

Abstract

Economic crises often have a significant impact on people's social well-being, especially in the context of declining incomes, increasing unemployment, and economic instability. This research aims to explore the relationship between economic conditions and social welfare by focusing on the impact of the economic crisis on people's lives. Through a qualitative approach with a literature study method, this study analyzes various secondary data sources, including research reports, journal articles, and policy documents related to economic crises and social welfare. The results of the study show that the economic crisis contributes to the decline in social welfare by increasing inequality, decreasing the quality of life, and affecting people's mental health. The findings also reveal that appropriate policy responses and effective social protection programs can mitigate the negative impact of the economic crisis on social welfare. Thus, this study emphasizes the importance of coordinated policy interventions to strengthen community social resilience in the face of economic crises.

International journal of social and human.Vol. 1(1)
Northwestern University (US)
Decent work and economic growth
Openalex Percentile: Top 69%
Hungarian Social, Economic and Educational Studies
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The Relationship between Economics and Social Welfare: A Study of the Impact of the Economic Crisis on Society — Joshua D. Harris · International journal of social and human. (2024) | TGRS Research Map | TGRS